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    Buckman Fourplex Investment Opportunity Title is generated by Realmo AI

    1705 SE Morrison St, Portland, OR 97214

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    Claim this Listing
    For Sale
    $679,900

    MULTI_FAMILY - Portland, OR

    Property size:
    3,407 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $199/SF
    Added:
    Dec 1, 2025
    Days on Market:
    198
    Last Refresh:
    Jun 17 at 4:06 am

    Property Features for 1705 SE Morrison St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R2.5
    Bedrooms
    3
    Bathrooms
    4
    Rooms
    Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 4
    Standard status
    Active
    APN
    R114338
    Size
    3,407 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Description
    BELLEVIEW ADD, LOT 14&15, POTENTIAL ADDITIONAL TAX
    Tax Annual Amount
    11252

    Building Details

    Year built
    1890
    Floors in Building
    2
    Number of units
    4
    Roof type
    Composition

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    Listing Contact
    Darryl Bodle
    Darryl Bodle

    Listing agent Darryl Bodle License #199910100

    Listing office Keller Williams Realty Portland Premiere 7504 SW Bridgeport Rd, Portland, OR

    Listing date Dec 1, 2025

    MLS# 214820890 Listing URL

    Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fourplex originally built in 1890 at 1705 SE Morrison St in inner SE Portland
    • 4 units under one roof: three 1BR/1BA and one studio/1BA for a versatile rental mix
    • All four units are currently tenant occupied, providing in‑place rental income
    • Gas heat service; buyer to verify
    • Corner lot with wide concrete steps and raised site for privacy and elevated presence
    • Full basement with exterior access and a toilet; plumbed and may offer potential for additional usable space (buyer to verify feasibility with the City)

    Overview

    This fourplex, located at 1705 SE Morrison St in Portland, offers an investment opportunity in the Buckman neighborhood. Constructed in 1890, the property features four units: three one-bedroom, one-bathroom units and one studio with one bathroom. The units are currently tenant-occupied, providing rental income. Two of the main level units have high ceilings. The property is situated on an elevated corner lot. A full basement with exterior access offers storage space and is plumbed with a toilet. The basement may offer potential for a fifth unit or expanded space. The property is served by gas heat. One off-street parking space is located at the back of the property. The location provides access to shops, cafes, transit, and neighborhood amenities. The property is suitable for investors seeking stable income, owner-occupants, or long-term holders in a high-demand rental area. The corner orientation provides natural light and views of mature trees and neighboring homes. Wide concrete steps lead to the main entry.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $71.5k $21.00
    − Vacancy −$3.7k −$1.09
    EGI $67.8k $19.91
    − OpEx −$20.3k −$5.97
    NOI $47.5k $13.94
    3,407 SF · lease $21.00/SF/yr · vacancy 5.20% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $678.3K
    $593.5K – $791.3K (±1% cap)
    NOI $47,479 @ 7.0% cap · market cap 6.98%
    Second Best
    Apartment 5plus
    $624.9K
    $546.8K – $729.1K (±1% cap)
    NOI $43,746 @ 7.0% cap · market cap 6.43%
    Theoretical Best
    Office A
    $956.8K
    $837.2K – $1.12M (±1% cap)
    NOI $66,974 @ 7.0% cap · market cap 9.85%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Hair Salon Spa & Massage Center Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.648357
    Latitude
    45.517386

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    FAQs

    What type of property is this?
    Quadplex - Fourplex in inner SE Portland with immediate rental income.
    Where is this quadplex located?
    The property is located at 1705 SE Morrison St Portland, OR.
    What is the asking price?
    The asking price for this property is $679,900.
    What are key features of this property?
    This property features: Fourplex originally built in 1890 at 1705 SE Morrison St in inner SE Portland; 4 units under one roof: three 1BR/1BA and one studio/1BA for a versatile rental mix; All four units are currently tenant occupied, providing in‑place rental income
    (503) 709-4632
    We can help!
    Listing Contact
    Darryl Bodle
    Darryl Bodle
    Real Estate License ID: 199910100
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